Credit: Shutterstock photoOil futures edged lower Friday, pressured by a stronger dollar, as traders weighed concerns over a potential end to the Federal Reserve's monetary stimulus this year against a hefty drop in last week's U.S. crude supplies, MarketWatch reported.
Crude oil futures for delivery in February shed 51 cents, or 0.6%, to $92.41 a barrel on the New York Mercantile Exchange. It traded around $92.73 shortly before the supply report and briefly topped $92.80 after it.
Crude supplies fell by 11 million barrels, the U.S. Energy Information Administration reported Friday. Analysts polled by Platts expected a 1 million-barrel decline.
Oil prices lost 20 cents Thursday after the minutes of the Fed's most recent meeting were released.
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